2015-05-28-第一太平戴维斯-深圳住宅市场简报2015年第一季度_3页_591kb

Shenzhen Residential Market Analysis Summary (Q1 2015)

Overview

The Shenzhen residential market is expected to experience price increases and higher trading volumes in 2015, attributed to policy stimuli such as the "five-to-two" VAT reform, limited new supply, and developer plans. Service apartment rentals decreased 2.5% month-on-month with stable occupancy, while high-end private residences saw rental growth of 1.6% but no traffic increase. New projects like "Lin Yutan" (30 units) are adding inventory, and the government's policies are boosting overall demand.

Key Market Data

• Service Apartments: Rents: 2.5% YoM decrease to RMB 235.3/sqm/month; Occupancy: 87.0%, stable. Projects like "Daxin Shenzhen Gangwan" are set to launch with 355 new units.
• High-End Private Residences: Rents: 1.6% YoM rise to RMB 110.4/sqm/month; Occupancy: 86.2%, unchanged. Properties in Futian district remain high-demand due to office market growth.
• Sales Market: New Construction: Average price YoM increase of 17.5% to RMB 26,829/sqm; Volume YoM decrease of 24.6%. Second-Hand: Volume YoM decrease of 0.4% but 71.4% year-on-year growth, with prices stable.

Outlook

Approximately 100 new residential projects expected in 2015, focusing on key areas like Longgang and Nanshan, which may moderate price growth. However, demand from Qianhai and Haian free trade zones will drive continued price increases and rental activity. Policies like reduced VAT rates and 70% downpayments support market recovery.